20 October 2017
visit www.response.ncr.com

BUMI reports data back-up contract wins

18 October 2011  |  2294 views  |  0 Source: BUMI

BUMI (Backup My Info!), the premier provider of online backup and recovery solutions for small to mid-sized businesses, today announced the addition of DH Frederick Securities, Inc. and The Family Wealth Consulting Group (FWCG) to its growing roster of financial services customers.

In addition to online data backup and recovery provided by BUMI, these two California-based financial services firms are also utilizing Global Relay for email archiving - offering an end-to-end solution to safeguard and ensure compliance of business-critical information.

Like many financial services organizations, DH Frederick Securities, Inc. and FWCG use Global Relay services in order to comply with FINRA regulations for the recordkeeping and supervision of electronic messaging. FINRA (the Financial Industry Regulatory Authority), which regulates all firms selling securities in the United States, requires its broker-dealers to archive all transactions and inbound, internal and outbound correspondence relating to their business.

"Compliance is extremely important, and meeting FINRA requirements does not mean financial services firms' data is protected from disaster or other unforeseen events that can cause systemic failure," said Jennifer Walzer, CEO of BUMI. "What Global Relay does for email communications, BUMI does for an organization's data, providing a means to backup and restore all types of business-critical information, applications and systems. Financial services firms such as DH Frederick Securities and The Family Wealth Consulting Group are recognizing that while regulatory compliance is compulsory, data protection is essential."

DH Frederick Securities is a licensed broker-dealer that specializes in assisting clients with capital and consulting needs. It is leveraging BUMI to remotely back up all of its operational systems and applications, such as Microsoft Office files. The company also relies on Global Relay to archive all of its email correspondence, keeping them compliant with government regulations.

"If you had a virus cause a crash or, in our case, being in California, an earthquake, and all your hardware was destroyed, what would you do?" said Dolliver Frederick, Founder, President and Chief Executive Officer of DH Frederick Securities. "For us, in just two phone calls - one to Global Relay and the second to BUMI - we would have all our email, documents, correspondence and database information, and we would be back up and running. That's also extraordinarily important from a FINRA and SEC compliance standpoint."

FWCG is a Silicon Valley-based wealth planning firm that manages nearly $100 million in assets. Prior to selecting BUMI, FWCG managed backups internally and needed an off-site solution to safeguard its data. Additionally, the firm utilizes Global Relay for email archiving. "In the event of an outage, we wanted the capability to recover from a major data loss," said Hilary Martin, Financial Planner at FWCG. "With BUMI and Global Relay in place, I feel completely covered, both from a FINRA-compliance and data backup and recovery perspective." 

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
visit www.innotribe.com visit www.niceactimize.com

Top topics

Most viewed Most shared
satelliteGates Foundation backs Ripple collaboratio...
8471 views comments | 13 tweets | 10 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
8369 views comments | 21 tweets | 26 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7488 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
6884 views comments | 10 tweets | 22 linkedin
Eight banks form joint venture to launch blockchain trade platformEight banks form joint venture to launch b...
6549 views comments | 14 tweets | 23 linkedin

Featured job

Competitive
New York, NY - USA (some flexibility on location)

Find your next job